Washington Tax Appeals Board Revises King County Assessor’s Valuation of Taxpayer’s Property

The Washington Board of Tax Appeals issued a decision setting aside the determinations of the King County Board of Equalization and ordering revised values for a residential property located in Perkins Lane West in Seattle. The dispute involved the Jan. 1, 2022, and Jan. 1, 2023, true and fair market values of taxpayer’s 41,466 square foot parcel improved with a Grade-13+99, average-condition, single-family residence built in 2008, with 6,770 square feet of above-grade living area and 3,890 square feet of finished basement. The Assessor substantially revised his assessed values downward, acknowledging that his initial valuation methodology was flawed because it ...